Finding Text
Criteria: 2 CFR 200 requires written policies and procedures in various matters with references to current regulations. Condition: The Organization is aware of the need for written policies and procedures over accounting, grants management, and financial reporting areas to ensure compliance with federal laws, regulations and grant agreements. However, the Organization does not have written policies and procedures with references to current regulations as required by 2 CFR 200. Cause: The Organization did not update its Fiscal, Administration, and Program Administration Policies and Procedures manual to reflect the current references as required by 2 CFR 200. Effect: Without the written policies and procedures required by 2 CFR 200, the Organization has insufficient internal controls over compliance with federal laws, regulations and grant agreements related to the federal awards it receives and expends.